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$ARKK Bearish Parallel Downtrend Break

BATS:ARKK   ARK Innovation ETF
ARKK Technical Analysis: The chart showcases a definitive break from its bearish parallel downtrend. Key resistance is observed at the purple delineation. For bullish sentiment to prevail, it would be essential to witness consolidation patterns such as a bull flag. Conversely, for the bears to maintain dominance, a rejection from the purple line followed by a bearish consolidation pattern, like a bear flag, would be indicative.

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